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and it is coming right after the s &p 500 cleared 1500 just last week. with me is matt shapiro of mws capital. matt -- what do you think? alcoa is first out of the box. > > kind of like groundhog day--alcoa has fallen on tough times. its stock is 8 and a half dollars. seems to be in such a competitive business . nothing they can do even though its a great american company to get the stock going. revenues weren't quite there---not a disaster. earnings were a little bit better than expected. but in terms of the overall earnings season, traders don't really take a look at it that much anymore. its the 80,90, 100 dollar stocks that are going to be crucial this quarter is the first quarter wheer earnings estimates are for a slight decline in the s &p 500. so if they come through just a little bit and we can show a little growth, that's the most important thing is showing a solid quarter overall for the components of the s &p 500. > > a couple others in the news---lufkin industries up after g-e announced aquisition of oil -well pumps manufacture---its stock is up. the sale is for 3.3 billion, that's $88.
shapiro, president of mws capital. good morning to you, matt. - good morning, angie. - you made a call on this show that the s&p 500 would go to 1600 this year. it seemed unfathomable at the time, but here we are sitting just below that. you get 20 seconds to do an almost-victory lap. and will we cross over by, say, june? - well, i think we will. now, of course, the question is, will we have that spring-summer swoon correction? i don't know. obviously we can't go up this fast forever. i would obviously like to see the rate of appreciation slow down a little bit. but you know, just some time here and there, even if the market trends at these levels, comes down a little bit or comes back, we are setting the stage, obviously, for a forecast, really, of stronger economic growth over the next couple quarters, which will justify the rise. - i also wanted to get your take on herbalife. on one hand, you have a hedge fund shorting it. on the other, someone going long - a couple guys going long, in fact. what would be your play here, or would you stay away? - they had earnings last night that we
, or better to stay away? matt shapiro has some thoughts after this. i wanted to be in the military since i was a kid. i served a total of 16 years. and at 19 years old, that's the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i started drinking a lot. i guess i never recognized it in myself. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for the guys who couldn't come back, you owe it to them to live well. because they're not here with their families. now to get some closing thoughts on the market today with matt shapiro, president of mws capital. good morning to you matt. - good morning angie. - i know our viewers from home are watching the situation in the market, and they are very curious with the levels that we are watching today, what do you think? is it the time to buy more or just sit on the sidelines and wait until the dust settles? - yesterday's tragedy - i had a feeling monday was going to be a tough day, but i didn't think, of course, we would have an att
will be right back. matt shapiro, president of mws capital, joins us now to talk about earnings and more. good morning to you, matt. - good morning angie. - i would love to get your take on the microsoft situation. we mentioned it earlier, the value act is moving in on this stock. do you own this stock? - you know, i don't own much microsoft anymore. it was the last of the big tech titans that i got out of my portfolios first quarter. but, it had a pretty decent earnings report last week, and of course the news that an activist investor has taken a stake trying to, of course, extract more money. but it does show you that in a sense, the franchise is in a slow decline, and that's when activist investors get into the mix. that said though, the stock, at $31, has done really well, and is up 10% since i sold it actually. - and what about earnings? what's your view there? - earnings this quarter so far are pretty decent. this is the first quarter where earnings are expected to be slightly lower. 72% of companies are beating, but only about half on revenues. and there have been some misses here and
retrace to those levels in the next couple days, it's only 1% lower" that was matt shapiro, president of mws capital. the fbi and the sec are investigation the mini flash crash caused by a tweet. twitter reportely is considering tighter security measures to prevent hacking. a successful "whistleblower" program is hitting a roadblock. so called 'whistleblowers' can report illegal activity to the s-e-c for a financial incentive. the new york times reports some wall street firms are taking action to insure employees report wrongdoing internally instead. in other instances, tipsters have been demoted or faced legal pushback from firms. boeing surprised wall street by producing better than expected earnings despite trouble with its dreamliner. profits climbed 20% to $1.1 billion dollars in the first quarter. the jet maker offset losses from its 787-- with delivers of 737 and 777s.the 787s have been grounded since january because of burning lithium ion batteries. boeing is fixing batteries on all 50 dreamliners. "we are projecting it is going to take us 5 days per airplane to incorporate th
and matt. that's it for tonight's show. i'm larry kudlow. it was all great fun. thank you, jimmy. >> thank you. >> i appreciate it. we'll be back tomorrow evening. [ shapiro ] at legalzoom, you can take care of virtually all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. who sees the whole picture, turn to us. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is appl
Search Results 0 to 5 of about 6